Tycoon Razon’s gaming empire surges as megaFUNalo! preps for launch

Shares of tycoon Enrique Razon Jr.’s Bloomberry Resorts Corp. have been on a winning streak, bolstered by the imminent launch of a new online gaming app.

InsiderPH learned that the platform, dubbed megaFUNalo!, has started the pre-registration process for gamers eagerly awaiting its release, which is expected within this month.

“The launch is very soon,” an insider said. 

Stock market investors and traders are not far behind, riding the momentum of Razon’s new online gaming bet.

Shares of Bloomberry, which operates the Solaire integrated resorts in Quezon City and in Entertainment City along Manila Bay, soared 12.3 percent to P4.94 per share on Tuesday. 

This adds to gains of over 40 percent over the past 30 days.

While the app has yet to be launched, excitement is high for a contender that could effectively compete with dominant online player DigiPlus Interactive, whose valuation soared to about P250 billion three years after its launch.

About the author
Miguel R. Camus
Miguel R. Camus

Miguel R. Camus has been a reporter covering various domestic business topics since 2009.

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